Lipan, Erath County, Texas Property Taxes
Median Lipan, TX effective property tax rate: 1.07%, slightly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.
Median Lipan, TX home value: $322,995
Median annual Lipan, TX tax bill: $3,288, $888 higher than the national median property tax bill of $2,400.
How are property taxes in Erath County calculated?
Property taxes in Lipan, TX are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Lipan’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lipan, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lipan, Erath County, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.07%
Estimate Property Tax Bill
$3,456
$3,207
Property Tax Rates Across Lipan, Erath County, Texas
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. This annual process involves votes and laws to set tax rates and budgets.
In Lipan, located in Erath County, Texas, the effective property tax rate is a reflection of this process. The median property tax rate in Texas is 1.07%, slightly above the national median of 1.02%. This places Texas among the states with higher property tax rates, which can be attributed to the state's reliance on property taxes to fund local services.
For homeowners in Lipan, understanding how their property tax rate compares to other cities in Texas and the national median can provide valuable insight. With the highest and lowest median tax rates in the area both at 1.07%, Lipan's rate aligns with the state average. This consistency indicates a stable property tax environment for residents, offering predictability in their annual financial planning.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Lipan Tax Rate
1.07%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Erath County Tax Rate
1.38%
Median Effective Texas Tax Rate
1.67%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lipan, Erath County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76462 | 0.55% | 0.85% | 1.07% | 1.18% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Lipan, Erath County, Texas
When examining property taxes in Lipan, TX, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Erath County Central Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Erath County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Lipan. For example, the median home price in Lipan is $322,995, with tax bills ranging significantly across the county. Zip code 76462 has the highest median home price at $322,995.
Property Tax Assessment Values Across Lipan, Erath County, Texas
Source: Ownwell
$145,125
$422,258
$699,390
Median Lipan Market Value
$322,995
Median Erath County Market Value
$216,370
Median Texas Market Value
$247,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lipan, Erath County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76462 | $55,792 | $172,468 | $322,995 | $638,730 | $1,000,163 |
Source: Ownwell
Property Tax Bills Across Lipan, Erath County, Texas
Median Lipan Tax Bill
$3,288
Median Erath County Tax Bill
$3,131
Median Texas Tax Bill
$3,971
Median United States Tax Bill
$2,400
Property Tax Bills Across Lipan, Erath County, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 76462 | $518 | $1,262 | $3,288 | $6,170 | $10,059 |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Erath Appraisal District | |
| Website | esearch.erath-cad.com |